Mentor Graphics Corp. (MENT) Upgraded by TheStreet to Buy
A number of other equities analysts also recently commented on the company. DA Davidson downgraded Mentor Graphics Corp. from a buy rating to a neutral rating and set a $24.00 target price for the company. in a report on Thursday, August 18th. They noted that the move was a valuation call. Pacific Crest reaffirmed a hold rating on shares of Mentor Graphics Corp. in a research note on Thursday, August 18th. Zacks Investment Research cut Mentor Graphics Corp. from a hold rating to a sell rating in a research note on Thursday. Finally, KeyCorp reaffirmed a hold rating on shares of Mentor Graphics Corp. in a research note on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $27.33.
Mentor Graphics Corp. (NASDAQ:MENT) traded up 2.64% during midday trading on Friday, hitting $27.17. The stock had a trading volume of 1,902,545 shares. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 47.25 and a beta of 0.86. Mentor Graphics Corp. has a 52 week low of $16.10 and a 52 week high of $28.09. The firm has a 50 day moving average of $24.51 and a 200 day moving average of $21.91.
Mentor Graphics Corp. (NASDAQ:MENT) last announced its earnings results on Thursday, August 18th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company earned $254.34 million during the quarter, compared to the consensus estimate of $245.17 million. Mentor Graphics Corp. had a return on equity of 6.15% and a net margin of 5.85%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. Equities research analysts predict that Mentor Graphics Corp. will post $1.68 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, September 15th. Mentor Graphics Corp.’s dividend payout ratio is 40.74%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in Mentor Graphics Corp. by 20.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,952 shares of the company’s stock worth $105,000 after buying an additional 857 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in Mentor Graphics Corp. during the first quarter worth $122,000. LS Investment Advisors LLC increased its position in Mentor Graphics Corp. by 70.6% in the second quarter. LS Investment Advisors LLC now owns 5,938 shares of the company’s stock worth $126,000 after buying an additional 2,457 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Mentor Graphics Corp. by 844.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,375 shares of the company’s stock worth $136,000 after buying an additional 5,700 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its position in Mentor Graphics Corp. by 7,915.5% in the second quarter. Checchi Capital Advisers LLC now owns 8,256 shares of the company’s stock worth $176,000 after buying an additional 8,153 shares in the last quarter. 97.77% of the stock is currently owned by institutional investors.
Mentor Graphics Corp. Company Profile
Mentor Graphics Corporation is a supplier of electronic design automation (EDA) tools, which include computer software and emulation hardware systems used to automate the design, analysis and testing of complex electro-mechanical systems, electronic hardware and embedded systems software in electronic systems and components.
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